BOSS Wallet data source, Polkadot-new latest price news, DOT Polkadot real-time price rose 2.01% to $5.085, transaction volume $446 million
According to the analysis of the K-line chart, it is now in a volatile trend, slightly up compared to 16:00, slightly down compared to 17:00, up compared to 15:00, and down compared to 09:00. Rising prices but falling trading volumes usually indicate a weakening of the market's upward momentum and a decrease in the number of buyers.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
The market is low in activity and momentum is weakening. The Williams indicator shows that it is an overbought period. The volume has decreased recently, and the volume is lower than in the previous hours. The price is rising and the volume is falling: the upward momentum is weakening.
The upward momentum has weakened. It is recommended to remain cautious, pay attention to changes in market sentiment and trading volume, and be alert to the risk of a pullback.
The above content is for reference only and does not constitute investment advice.